Financial Authorizations Allowed by the Board

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  • The Board of Directors is authorized to approve all expenditures levied by any city, county, state, or federal institution for the purposes of maintaining the legal good standing of the corporation. Expenditures approved in this matter will be passed with a 75% approval of the board of directors, either at a Board of Directors meeting, or by the signing of a spending authorization document. Any documentation related to spending under this resolution will be available for review at the corporate office, and will be reported on by the Board of Directors at the next regularly scheduled business meeting.